First Citizens BancShares Results Presentation Deck
Funding Mix
($ in millions)
Total deposits
Securities sold under customer
repurchase agreements
Purchase money note
Federal Home Loan Bank borrowings
Subordinated debt
3.20%
2.80%
2.40%
2.00%
1.60%
1.20%
0.80%
0.40%
0.00%
0.66%
0.50%
0.35%
3Q22
Senior unsecured borrowings
Other borrowings
Total deposits and borrowed funds $ 183,945
First Citizens
BancShares
1.35%
1.12%
3Q23
0.78%
$ 146,233
Cost of funds
4Q22
453
35,833
1,040
377
9
1.94%
1.73%
1.24%
1Q23
79.5 %$ 141,164
0.2
19.5
0.6
0.2
2.99%
100% $ 181,303
2,56%
1.68%
2Q23
2Q23
Cost of interest-bearing liabilities
Cost of interest-bearing deposits
Cost of deposits
454
35,817
2,425
1,043
393
7
3.02%
0.3
19.8
1.3
0.6
0.2
3.19%
3Q23
77.9 % $ 140,050
2.12%
QTD - Period End Balances
1Q23
100% $ 186,144
Note - Funding mix percentages may not foot due to rounding.
509
35,151
8,500
1,046
881
7
●
●
75.2 % $
●
0.3
18.9
4.6
0.6
0.5
4Q22
89,408
436
4,250
1,049
885
25
100 % $ 96,053
93.1 % $ 87,553
0.5
4.4
1.1
0.9
3Q22
100 % $
578
5,800
1,052
888
25
95,896
Highlights
Change
Linked Prior Year
Quarter Quarter
91.3 % $ 5,069 $ 58,680
0.6
6.0
1.1
0.9
100 % $
(125)
35,833
(5,800)
(12)
(511)
(16)
2,642 $ 88,049
3Q23 vs 2Q23
Deposits as a component of total funding continues to increase
due to the focus on deposit gathering and was 79.5% of total
funding as of the end of the third quarter.
(1)
16
(2,425)
(3)
(16)
2
FHLB debt was paid off in the third quarter due to continued
core deposit growth in the Direct Bank.
Total cost of deposits increased by 44 basis points.
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